1120 Chicon ST, Austin TX 78702

Based on 3 closed sales in 78702, the data points to a value around $567,727 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $412,000 to $422,000. Buyers shopping in 78702 right now would see this as a well positioned option among 7 comparable homes. Being 147 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1955 (5 years newer than comps) is factored into the value estimate. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 1314 E 13th ST, Austin TX 78702 at an adjusted $646,871, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in 78702. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group